Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 24 July 2008, MAN announced that its affiliate Neoplan will withdraw from its activities at its site in Pilsting (Bavaria). Currently, Neoplan manufactures coaches in Pilsting. Another company VISEON will take over some of the production at the existing unit but 400 jobs will be lost.
According to the MAN website, the plans envisage that the 200 employees left at the location will be taken over by VISEON by mid 2009 which will in the future build specialised buses and complete special orders for MAN and other customers as well as developing its own products. All employees who will not be retained at the location and do not accept job offers from MAN (mainly at the Munich plant) will receive benefits under the social compensation plan.
Eurofound (2008), Neoplan, Merger/Acquisition in Germany, factsheet number 66915, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66915.